The Kingdom’s central bank ‒ the National Bank of Cambodia (NBC) ‒ is working closely with experts from the US Treasury to set up a depositors’ protection scheme among banks in the country. This move was welcomed by the country’s banking industry with CEOs saying ...

The Court of Appeal has reduced to six months the original three-and-a-half-year prison term handed to the son of a wealthy businessman for pistol-whipping a man and damaging restaurant property. Duong Udomchorvin, 24, was sentenced in May, along with his 17-year-old brother, Duong Kimlong, who was ...

The National Bank of Cambodia’s (NBC) recent two-pronged prakas on capital buffers and the capital adequacy ratio (CAR) of banking and other deposit-taking institutions, which aims to provide a clearer classification system for assets, is poised to strengthen the industry and enhance risk resilience, local ...

The National Bank of Cambodia (NBC) has announced the enforcement of regulations on capital buffer and on credit risk for capital adequacy ratios (CAR) for banks and deposit-taking microfinance institutions (MFIs). These measures aim to bolster the management of diverse risks, it said. ...

Officials at a recent energy conference in Phnom Penh stressed that Cambodia needed to use energy more efficiently to meet regional goals, boost economic development and lower overall harm to the environment. More than 150 energy Officials from the public and private sectors came together for ...

Much of the country could face flooding due to heavy rainfall until Wednesday, the Water Resources and Meteorology Ministry has warned. According to a ministry announcement yesterday, the country will be affected by a low pressure system that will cause heavy rainfall nationwide. ...

Maybank Cambodia recently purchased an online stock and share trading platform to allow its premier wealth customers access regional and global markets. Cythia Liaw, Maybank Cambodia CEO, said Friday that the trading platform – KE Trade – was developed by Singapore-based Maybank Kim Eng, the fully ...

Adorned in new military uniforms, about 400 more young volunteers who have been enlisted into Prime Minister Hun Sen’s ambitious national land-titling scheme departed from Diamond Island yesterday armed with measuring tapes, computers and GPS units. The budding surveyors are the latest group of some 2,000 ...

Cambodia has seen a remarkable rise in trade volume with its neighboring Vietnam and Thailand in 2012, official statistics showed on Friday. The bilateral trade with Vietnam was worth 3.3 billion U.S. dollars last year, up 18 percent year-on-year, according to a data from the Vietnam ...

Nearly two years have passed since the Cambodia-China Free Trade Agreement (CCFTA) came into effect in early January 2022. This period has witnessed significant growth in bilateral trade, as well as a surge in Chinese investment in Cambodia. ...

The Ministry of Public Works and Transport said caretaker Prime Minister Hun Sen presided over the official launch of a ferry service that has been operating for the past three months. The service takes passengers along the Tonle Sap and Tonle Bassac rivers, making three ...

Villagers from Preah Vihear’s Kulen district, where last week two rubber company guard posts were torched, yesterday alleged security guards from the same company had looted their homes and threatened to burn them. ...

A container freight station built with aid from Japan was inaugurated recently at Cambodia’s Sihanoukville Port Special Economic Zone (SPSEZ). ...

 Cambodia withdrew from the two-decade-old Cambodia-Laos-Vietnam Development Triangle (CLV-DTA), a regional cooperation initiative that had faced protests and online criticism just months earlier. The decision comes after the government arrested nearly 100 would-be protestors, including minors. ...

Throngs of Cambodian students from various Chinese schools flocked to see the fifth edition of a Chinese book fair on Monday, seeking reading books which are helpful to their studies.​ Held at the Peace Book Center in Phnom Penh, the capital of Cambodia, the three-day ...

Cambodia will host the first International Youth Cultural Symposium (IYCS) from April 12-17 in a bid to exchange culture between Cambodian youth and those from ASEAN and its dialogue partners, an education official said Monday.​ ...

Families living on contested land on Phnom Penh’s Chroy Changva peninsula were on Wednesday given a choice by municipal governor Pa Socheatvong: give up 90 percent of your land and live on the remainder or sell it all at $40 per square meter. ...

The Asian Development Bank (ADB) has approved a 100 million USD aid package to support the development of tourism infrastructure in the three Mekong River countries of Vietnam, Laos and Cambodia. The decision was made at the annual meeting on tourism development of the Greater Mekong ...

In its own decentralisation efforts, the Ministry of Education has delegated authority over the issuing of licences to pre-schools to provincial- and city-level education departments, Minister of Education Hang Chuon Naron said yesterday. ...

More than 1,200 houses and buildings were affected and more than 70 people died or were injured by rainstorms and lightning in the first four months of 2016, according to Keo Vy, Cabinet director and a spokesman for the National Committee for Disaster Management (NCDM). ...